The Treasury Department and the IRS released final regulations related Section 403(b) Plans
These regulations are the first comprehensive section 403(b) regulations since 1964, and incorporate numerous changes to 403(b) plans, including changes in the Employee Retirement Income Security Act of 1974 (ERISA), the Tax Reform Act of 1986, the Small Business Job Protection Act of 1996 (SBJPA), the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Pension Protection Act of 2006 (PPA). The regulations generally apply for taxable years beginning after December 31, 2008. A copy of the regulations is attached.
